Hathway Cable & Datacom IPO
Hathway Cable & Datacom IPO — date, price band, lot size & details 2010
Hathway Cable & Datacom listed on 25 Feb 2010 at ₹250, 4.2% above the ₹240 issue price.
Hathway Cable & Datacom is a leading cable television and cable broadband provider in India. Its total income was Rs 673.23 crore in FY2009.
Stock price
Hathway Cable & Datacom is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 15 November.
- Open 09 Feb 2010
- Close 11 Feb 2010
- Allotment 19 Feb 2010
- Refund/credit TBA
- Listing 25 Feb 2010
Issue summary
The terms of the offer, as filed.
| IPO Dates | 9 to 11 Feb, 2010 |
|---|---|
| Price Band | ₹240 – ₹265 |
| Face Value | ₹10 |
| Lot Size | 25 Shares |
| Issue Size | ₹666 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 25 shares at the ₹240 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 25 | ₹6,000 |
| Retail (max) | 33 | 825 | ₹1,98,000 |
| S-HNI (min) | 34 | 850 | ₹2,04,000 |
| S-HNI (max) | 166 | 4,150 | ₹9,96,000 |
| B-HNI (min) | 167 | 4,175 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01It offered cable television across 125 cities and towns and broadband across 18 cities.
- 02Total income rose from Rs 308.63 crore in FY2007 to Rs 673.23 crore in FY2009.
- 03EBITDA rose from Rs 22.19 crore in FY2007 to Rs 103.73 crore in FY2009.
- 04Its network had 71 analog head ends, 19 digital head ends and more than 15,000 km of HFC cable.
- 05Rs 480.00 crore of the issue was fresh money for growth and debt repayment.
Risks · 5
- 01It made losses every year, including Rs 62.75 crore in FY2009 and Rs 42.42 crore in the six months to 30 September 2009.
- 02Total borrowing was Rs 443.03 crore on 30 September 2009.
- 03Rs 243.60 crore of the issue was for acquiring customers, which may not pay back quickly.
- 04The issue was priced at Rs 240, the bottom of its price band.
- 05Promoter holding fell from 77.37% before the issue to 66.55% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Hathway Cable & Datacom offer document.
| Metric | 30 Sep 2009 | 31 Mar 2009 | 31 Mar 2008 | 31 Mar 2007 |
|---|---|---|---|---|
| Total Income | 364.92 | 673.23 | 434.67 | 308.63 |
| Profit After Tax | -42.42 | -62.75 | -66.81 | -62.45 |
| EBITDA | 71.86 | 103.73 | 21.30 | 22.19 |
| NET Worth | 458.41 | 258.08 | 324.79 | 137.58 |
| Reserves and Surplus | 766.30 | 530.57 | 535.47 | 361.30 |
| Total Borrowing | 443.03 | 627.50 | 233.17 | 169.53 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Hathway Cable & Datacom RHP.
Where the money goes
₹579.70 Cr of the issue is earmarked to named objects.
Hathway Cable & Datacom IPO Anchor Investors
13 anchor investors across 4 fund houses committed ₹119.89 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
According to the MPA Report quoted in its RHP, it is the leading cable television services provider in India and one of the leading cable broadband providers. It offered analog and digital cable television across 125 cities and towns and broadband across 18 cities.
Its cable networks reached about eight million cable homes, supported by 71 analog head ends, 19 digital head ends and more than 15,000 km of HFC network.
The IPO was Rs 666 crore, with Rs 480.00 crore of fresh issue and Rs 186.00 crore of offer for sale by investors, priced at Rs 240, the bottom of the Rs 240 to Rs 265 band. The fresh money was for acquiring customers, digital and broadband investment, and repaying loans.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Hathway Cable & Datacom IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Ubs Securities India Private Limited
22 issues handledBest listing: BGR Energy Systems (+75.0%). Weakest: Bharti Infratel (-9.1%).
Morgan Stanley India Co. Pvt. Ltd
36 issues handledBest listing: Nykaa (+79.4%). Weakest: KSK Energy Ventures (-12.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Hathway Cable & Datacom?
The current Grey Market Premium is ₹0.
What is the Hathway Cable & Datacom IPO price band?
₹240 to ₹265, on a face value of ₹10.
When is the allotment?
The basis of allotment is 19 February 2010, with listing on 25 February 2010.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
